| Exchange Rate Regime | PC Slope | t-stat | Adj. R2 | N |
|---|---|---|---|---|
| Fixed / Peg | -0.81*** | -8.4 | 21.4% | 331 |
| Crawling Peg | -0.15 | -0.8 | 25.7% | 189 |
| Crawling Band | -0.37** | -2.2 | 27.8% | 254 |
| Floating | -0.56*** | -3.2 | 27.2% | 83 |
| Inflation | ||||
| Fixed / Peg | Crawling Peg | Crawling Band | Floating | |
| (1) | (2) | (3) | (4) | |
| Unemployment | -0.807*** | -0.150 | -0.370** | -0.557*** |
| (0.096) | (0.177) | (0.166) | (0.172) | |
| N | 355 | 207 | 276 | 89 |
| Adjusted R2 | 0.214 | 0.257 | 0.278 | 0.272 |
| Note: | Data | |||